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Wah Kiu Yat Po (31.8.74) was also very dissatisfied with the British MPs over the issue of capital punishment.
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Referring to Mr. Lammond's statement that death penalty could not reduce the crime rate, the paper pointed out that Mr. Lammond was "ignoring the facts", described what he had said as "high-sounding" and "a duplicate of the general opinion of the British on the death penalty issue."
"Mr. Lammond has learnt very little about Hong Kong during his 12 days' visit here because he was trying to apply British standards to Hong Kong, being ignorant of the fact that all the people in Hong Kong are advocating the re-instatement of the death penalty," the paper concluded.
Nete by C.I.O., P.R.De
A full translation of the editorial in Sing Tao Jih Pao of September 1st is being distributed to the Secretariat and a number of Government departments.
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Rumours About Possible Bank Run
Recently when the stock market tumbled down to an exceptionally low record, there were reports that some banks had experienced difficulties and that a bank run might occur. This prompted four editorials from the papers. All of them regarded these reports as pure rumours and urged the public not to believe them.
Hong Kong Daily News (31.8.74) asked the people "to believe in facts and the effective management of the Commissioner of Banking".
e increase in the amount of fixed deposit by 41.5% over that of the corresponding period last year proves that people have great confidence in the banks," stated the paper.
"And under the cautious supervision of the Government, better profits con be expected for the parks from the significant development in the bank loan business, it added.
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The communist Hong Kong Evening News (9.8.74) was pleased to hear of the assurance of the Commissioner of Banking that our banks were in "a healthy condition".
"There may be difficulties but the situation has not reached a crisis yet," it remarked.
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Despite their avowed faith in the financial stability of our banks, the papers reminded the Government and the banking circle of the importance of maintaining their vigilance.
"The Government should strengthen ità supervision over the banks so that depositors will not suffer from another 'Canton Trust Incident'," suggested Hong Kong Evening News (communist).
"The Government should let the public know in time the name of day bank which may not be too stable or take some precautionary measures to prevent banks from misusing their capital," the paper added.
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Referring to the run on some banks ten years ago, Hong Kong Daily News said, "We hope that a greater effort will be made by the Government to solve the economic difficulties because the present trend seems to indicate a recurrence of history of ten years ago."
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